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Topic: Throughput Accounting

40. Company X produces a single product with the following standard cost per unit: Material cust Conversion cost Total cost P 10 12 P 22 The company operates a backflush costing system with a raw material stock control account. Details for the current month are: Raw materials stock control account operating balance Raw materials purchased Conversion costs incurred Cost of goods sold at standard cost P500 P4,600 P5,200 P8,998 The closing balance on the raw material stock control account is: a. P290 C.P790 b. P502 d. P800 e. P1,010 (cima)